Delegation; Officers Sample Clauses

Delegation; Officers. The Trustees shall have the power, consistent with their continuing exclusive authority over the management of the Trust and the Trust Property, to delegate from time to time to the Investment Adviser, to any committee of the Trustees or to officers, employees or other agents of the Trust the doing of such things and the execution of such instruments either in the name of the Trust or the names of the Trustees or otherwise as the Trustees may deem expedient, to at least the same extent as such delegation is permitted under the Delaware Statutory Trust Act and is permitted by the 1940 Act, as well as any further delegations the Trustees may determine to be desirable, expedient or necessary in order to effect the purpose hereof; provided, that such delegation of authority by the Trustees shall not cause any Trustee to cease to be a Trustee or cause the Investment Adviser or any such officer, employee or other agent to whom any authority has been delegated to be a Trustee. The Trustees may elect a Principal Executive Officer, Secretary, Principal Accounting Officer, Chief Compliance Officer and one or more other officers or assistant officers, each having such powers and duties as are set forth in the By-Laws or as otherwise provided by resolution of the Trustees, who shall each serve at the pleasure of the Trustees or until their successors are elected. The Trustees may authorize the Principal Executive Officer, Secretary, Principal Accounting Officer and any assistant officer may, but need not, be a Trustee.
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Delegation; Officers. The Managers shall have the power to delegate authority to such officers, employees, agents and representatives of the Company as it may from time to time deem to be appropriate. Any delegation of authority to take any action must be approved in the same manner as would be required for the Managers to approve such action directly.
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Delegation; Officers. The Board may delegate authority to act on behalf of the Company to one or more Persons from time to time to the full extent permitted by Act Section 18-407. Without limiting the generality of the foregoing, the Management Addendum attached hereto is hereby adopted and incorporated into this Agreement, subject to such future changes in Article V thereof, whether or not material, as the Directors may determine from time to time. Until changed by the Directors, the following Persons shall serve the offices set forth opposite his or her name below: Xxxxxx X. Xxxxxxxx, Xx. President Xxxxxxx Xxxxxxx Vice President and Treasurer Xxxxxxx Xxxxxxxx Secretary Xxxxxx X. XxXxxxx Assistant Secretary Xxxxxxxxx Xxxxxx Assistant Secretary
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Delegation; Officers. Subject to Section 3.6, the Board of Managers shall designate and delegate such authority to its employees or other Persons to perform tasks assigned by the Board of Managers to those employees or other Persons, as the Board of Managers deems necessary or advisable, and in the best interests of the Company. Except as otherwise expressly provided herein, all decisions, actions and approvals by the Board of Managers shall be made or effected by a Majority Vote of the Managers. The day to day operations of the Company shall be managed by the officers of the Company who will be elected by the Board of Managers. The officers shall consist of a Chairman, Vice Chairman, President, one or more Vice Presidents, a Secretary, a Treasurer and may consist of such other officers and assistant officers as the Board of Managers may determine. Each officer or assistant officer shall serve at the pleasure of the Board of Managers. The compensation, if any, of all officers and assistant officers shall be fixed by, or pursuant to authority delegated by, the Board of Managers from time to time. Any two or more offices may be held by the same person. The following officers of the Company shall serve at the pleasure of the Board of Managers until their successors are elected: Chairman-Xxxxxxx X. Xxxxx; Vice Chairman-Xxxx Xxx, Xx.; President-C. Xxxxx Xxxxx; and Vice President, Secretary and Treasurer-Xxxxxxx X. Xxxxxx.
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Delegation; Officers. The Board may, from time to time, delegate to one or more committees (including a compensation committee and audit committee) such authority and duties as the Board may deem advisable in addition to those powers and duties set forth in Section 6.8. Any delegation pursuant to this Section 6.12 must be in writing and may be revoked at any time by the Board. The Managers shall name such Officers of the Company as the Managers determine to be necessary or desirable. Such Officers shall have such duties and responsibilities as the Managers shall delegate to them and such Officers shall perform those duties and responsibilities subject always to the direction and control of the Managers. Any Officer may be removed and/or replaced at any time by the determination of the Managers.
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Related to Delegation; Officers

  • Executive Officers To the knowledge of the Company, no executive officer or person nominated to become an executive officer of the Company (a) has been convicted in a criminal proceeding or is a named subject of a pending criminal proceeding (excluding minor traffic violations) or (b) is or has been subject to any judgment or order of, the subject of any pending civil or administrative action by the Securities and Exchange Commission or any self-regulatory organization.

  • Responsibility of Dual Directors, Officers and/or Employees If any person who is a manager, partner, officer or employee of the Adviser or the Administrator is or becomes a director, officer and/or employee of the Company and acts as such in any business of the Company, then such manager, partner, officer and/or employee of the Adviser or the Administrator shall be deemed to be acting in such capacity solely for the Company, and not as a manager, partner, officer or employee of the Adviser or the Administrator or under the control or direction of the Adviser or the Administrator, even if paid by the Adviser or the Administrator.

  • Duties of Officers and Directors Except as otherwise specifically provided in this Agreement, the duties and obligations owed to the Company and to the Board of Directors by the Officers of the Company and by members of the Board of Directors of the Company shall be the same as the respective duties and obligations owed to a corporation organized under the Delaware General Corporation Law by its officers and directors, respectively.

  • Directors, Officers and Employees The Administrator shall authorize and permit any of its directors, officers and employees who may be elected as trustees or officers of the Trust and/or the Funds to serve in the capacities in which they are elected. All services to be furnished by the Administrator under this Agreement may be furnished through such directors, officers or employees of the Administrator.

  • Power of Officers The officers of the General Partner executing the Loan Documents required to be delivered by the General Partner hereunder have been duly elected or appointed and were fully authorized to execute the same at the time each such agreement, certificate or instrument was executed.

  • Duties of Officers Except to the extent otherwise provided herein, each Officer shall have a fiduciary duty of loyalty and care similar to that of officers of business corporations organized under the General Corporation Law of the State of Delaware.

  • Compensation of Trustees, Officers and Employees No Trustee, officer or employee of the Trust or the Fund shall receive from the Trust or the Fund any salary or other compensation as such Trustee, officer or employee while he is at the same time a director, officer, or employee of the Subadviser or any affiliated company of the Subadviser, except as the Board may decide. This paragraph shall not apply to Trustees, executive committee members, consultants and other persons who are not regular members of the Subadviser’s or any affiliated company’s staff.

  • Officers; Agents The Board of Managers by vote or resolution shall have the power to appoint officers or agents to act for the Company with such titles, if any, as the Board of Managers deems appropriate and to delegate to such officers or agents such of the powers as are granted to the Board of Managers hereunder, including the power to execute documents on behalf of the Company, as the Board of Managers may in its sole discretion determine; provided, however, that no such delegation by the Board of Managers shall cause the Persons constituting the Board of Managers to cease to be the “managers” of the Company within the meaning of the Act. The officers or agents so appointed may include persons holding titles such as Chairman, Chief Executive Officer, Chief Operating Officer, President, Chief Financial Officer, Executive Vice President, Senior Vice President, Vice President, Assistant Vice President, Treasurer, Controller, Secretary or Assistant Secretary. An officer may be removed at any time with or without cause. The officers of the Company as of the date hereof are set forth on Exhibit 6.3. Unless the authority of the agent designated as the officer in question is limited in the document appointing such officer or is otherwise specified by the Board of Managers, any officer so appointed shall have the same authority to act for the Company as a corresponding officer of a Delaware corporation would have to act for a corporation in the absence of a specific delegation of authority and all deeds, leases, transfers, contracts, bonds, notes, checks, drafts or other obligations made, accepted or endorsed by the Company may be signed by the Chairman, if any, the President, a Vice President (including any Assistant Vice President) or the Treasurer, Controller, Secretary or Assistant Secretary at the time in office. The Board of Managers, in its sole discretion, may by vote or resolution of the Board of Managers ratify any act previously taken by an officer or agent acting on behalf of the Company.

  • Additional Officers The Board of Directors may appoint such other officers and agents as it shall deem necessary, who shall hold their offices for such terms and shall exercise such powers and perform such duties as shall be determined from time to time by the Board of Directors.

  • Other Officers Such other officers as the Board of Directors may choose shall perform such duties and have such powers as from time to time may be assigned to them by the Board of Directors. The Board of Directors may delegate to any other officer of the Corporation the power to choose such other officers and to prescribe their respective duties and powers.

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